RS Bike Paints Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06634949 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

RS Bike Paints Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

Mrs H Allen

P G Allen

SECRETARY:

P G Allen

REGISTERED OFFICE:

CPM House

10 Works Road

Letchworth Garden City

Hertfordshire

SG6 1LB

REGISTERED NUMBER:

06634949 (England and Wales)

ACCOUNTANTS:

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

FIXED ASSETS

Intangible assets

5

57,100

18,240

Tangible assets

6

8,564

3,726

65,664

21,966

CURRENT ASSETS

Stocks

32,568

29,552

Debtors

7

55,763

14,809

Cash at bank

24,081

50,303

112,412

94,664

CREDITORS

Amounts falling due within one year

8

137,005

70,255

NET CURRENT (LIABILITIES)/ASSETS

(24,593

)

24,409

TOTAL ASSETS LESS CURRENT
LIABILITIES

41,071

46,375

PROVISIONS FOR LIABILITIES

1,627

708

NET ASSETS

39,444

45,667

CAPITAL AND RESERVES

Called up share capital

300

Retained earnings

39,144

45,367

SHAREHOLDERS' FUNDS

39,444

45,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

Mrs H Allen - Director

1.	STATUTORY INFORMATION

RS Bike Paints Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been amortised evenly over an estimated useful life of 50 years. In 2021, the goodwill was reevaluated and its estimated useful life is deemed to be a further 10 years from August 2020.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Development costs that are incurred in the design and testing of software controlled by the company are recognised as intangible assets providing the following criteria are met:

-It is technically feasible to complete development of the software so that it is available for use

-The company intends to use or sell the software

-The company is able to use or sell the software

-The software is expected to generate probable future economic benefits

-Adequate technical, financial and other resources are available to complete development and use or sell the software

-The development costs directly attributable to the software can be reliably measured

Development costs that do not meet this criteria are recognised as an expense in the period incurred.

Research costs are recognised as an expense in the period incurred.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss and any subsequent reversal is recognised in the profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled. or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables and bank loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 August 2024

40,000

-

40,000

Additions

-

41,900

At 31 July 2025

40,000

41,900

81,900

AMORTISATION

At 1 August 2024

21,760

-

21,760

Charge for year

3,040

-

3,040

At 31 July 2025

24,800

-

24,800

NET BOOK VALUE

At 31 July 2025

15,200

41,900

57,100

At 31 July 2024

18,240

-

18,240

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 August 2024

9,578

225

10,964

20,767

Additions

-

7,012

869

7,881

At 31 July 2025

9,578

7,237

11,833

28,648

DEPRECIATION

At 1 August 2024

6,876

56

10,109

17,041

Charge for year

540

1,795

708

3,043

At 31 July 2025

7,416

1,851

10,817

20,084

NET BOOK VALUE

At 31 July 2025

2,162

5,386

1,016

8,564

At 31 July 2024

2,702

169

855

3,726

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

43,732

3,755

Other debtors

12,031

11,054

55,763

14,809

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade creditors

26,410

18,770

Tax

34,363

30,003

Social security and other taxes

10,863

9,640

Directors' current accounts

55,441

10,012

Accrued expenses

9,928

1,830

137,005

70,255

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.7.25

31.7.24

£

Within one year

24,996

Between one and five years

60,407

85,403

110,399

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RS Bike Paints Limited for the year ended 31 July 2025 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RS Bike Paints Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RS Bike Paints Limited and state those matters that we have agreed to state to the Board of Directors of RS Bike Paints Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RS Bike Paints Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RS Bike Paints Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RS Bike Paints Limited. You consider that RS Bike Paints Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RS Bike Paints Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Stirk Lambert & Co

Chartered Accountants

Russell Chambers

61a North Street

Keighley

West Yorkshire

BD21 3DS

12 December 2025